Saturday, 25 April 2009

The Naked Trader

Well I finally took the plunge and dropped TheNakedTrader (Robbie Burns) a couple of emails around his investing strategy which ended up in me forking out to attend one of his seminars on the 15th May. I have been following Robbie for some time and I like his no nonsense, relaxed and very open approach to what he does so money well spent in my mind!

There are far too many people out there today trying to over complicate things esserntially (as i believe) so that they can make money out of your ignorance - i think Robbie is one of the few people that adds a breath of fresh air to the whole industry and well i will update you after I have been on his course..

One thing I am hoping to learn a lot more around is the use of Level 2.... the amount of times I could have made more sensible exit / entry deicisons had i been able to have visiblity of the order book. ADVFN is what Robbie plugs but I am looking for a DMA / CFD Trading account which will hopefully give this to me for free (yeah i like a bargain)

Anyway - my buddy who is going for the value investor approach is leaps and bounds ahead of me on his portfolio at present, so I need an edge - whilst i am slowly and surely now making money consistently its not fast enough.... this is the danger zone area where greed can take control so i will be interested to see what more I can learn and how i can be more profitable but sensibly so...

I'll keep you posted, enjoy the weekend!

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